Trade ideas
Aarti Drugs Ltd - 01.04.2022Aarti Drugs Ltd - 01.04.2022
The stock is trading @ 459 levels
The prices are above EMA
There is a HAMMER in Weekly Chart
There is a STOCHASTIC BULLISH DIVERGENCE in Weekly Chart
RSI looks good in Weekly Chart
Let the prices go above 473
One can initiate a BUY Position > 473 with support @ 451
watch out for the price action
AARTIDRUGS upward move expected.Prediction: Expected min 20% steep rise in upcoming days. As per the chart, diagonal pattern is formed in daily TF and also a smaller diagonal was formed at the minute wave 5 where price has given a breakout. Aarti drug has corrected almost 58% from its High.
Note - View's provided are for Educational purposes only, please do your own Research.
Aarti Drugs Ltd - 17.12.2021Aarti Drugs Ltd - 17.12.2021
The stock is trading @ 530 levels
The prices are below EMA
There was a MACD Bullish Divergence in Weekly Chart which was confirmed during the week gone by
The prices have tested the 528 levels
There is a HAMMER in hourly chart
Let the prices go above 555
Watch out for the price action
Rectangle pattern: Aarti Drugs (Time frame- 1 Week )Rectangle pattern: Aarti Drugs pattern (Time frame- 1 Week )
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Chart time frame -1 Week )
Trade type -Short term
Duration - 4 months
Entry - 650
Target 1 - 790
Stoploss - 570
Risk : Reward - 1:1.7
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Disclaimer: All charts are purely for educational and information purpose only. I am not a SEBI registered Investement advisor. Please Trade and invest based on your knowledge and risk profile.
Aarti Drugs Analysis for Short termAarti Drugs is moving in a Descending triangle pattern from Aug 2020 and may give a break out shortly. Even though the pattern is bearish, I'm quite bullish about this stock bcz it's a market leader in API supply with a market share of 79% and API market will only grow with time to reduce dependence on China. So Buying it now with a SL at 575 can prove to be a Jackpot in Short tern] and long term.






















